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Xagusdidea

Silver- To maintain its strong bull trendAs I said in a lot of my previous analyzes, Silver is more bullish than Gold and although XauUsd lagged and stayed under 1900 and weel under its all-time high, XagUsd spiked to reach 30. As normal a correction followed and Siver dropped over 15% to 26. From a technical perspective, the structure remains strongly bullish and 26 is strong support at this point. My strategy is to buy dips towards this support and 30 can be the target in the medium term
OANDA:XAGUSDLong
by Mihai_Iacob
10
SILVER - The ShiningSilver intermediate cycle bottomed with gold on the 30th November. Silver didn't have that serious decline at the end of the last intermediate cycle like gold. Notice that we were in a consolidation box for 4 months and today we broke out. Is it too late to enter the party? No. We are still early in this game and I think silver will run to 42 and maybe to 50 in the following 3-4 months. I've already posted my thoughts regarding the XAUXAG ratio: If you are looking for targets in silver I suggest to read the idea above . If you are not in a position yet I would wait for a backtest of the consolidation box at 26.00$. If you already in a position I would increase the position size at 26$. We have a lot of time in this trade before we have to worry about a top. TSI is just turning up and RSI just reached the overbought territory. RSI can stay overbought for a month or more just like last summer. I will set this idea as a long idea as we broke out of the box but I would wait for a backtest at 26$ before entering.
OANDA:XAGUSDLong
by chartwatchers
8
Silver- buy dips for a break of 26As always, Silver is showing a more clear picture than Gold... On Monday, similar to Gold, we have a false break of support, marked here with a strong reversal Pin Bar on H4. After this fake break, Silver re-entered its familiar range between 24.50 and 26. Yesterday the intraday spike on Gold also affected Silver and bulls managed to keep 25 important zone intact. At the time of writing Silver is trading at 25.90, just under important 26 resistance. I expect a pullback from this resistance and this can be a good opportunity for bulls to buy dips for a break above. This outlook is valid as long as 25 remains intact
OANDA:XAGUSDLong
by Mihai_Iacob
6